Announced Thu, 2 Jul · 15:50 IST
Board approves office lease with promoter at Nariman Point, Mumbai
Business Updates View source PDF
Price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Price reaction · full curve 14 horizons · vs prior close
+2.2%1-day move
₹34.22
prior close
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base price
After-mkt
timing
5m10m15m30m1D2D3D4D5D7D15D1M2M3M
————+2.2+0.8+1.3+1.7+0.8+1.3+5.2———
Up moveDown movePending
AI summary
Asian Warehousing board approved a Leave and License agreement with promoter Rekha R Bhimjyani (holds 24.38% stake) for using 508 Dalamal House, Nariman Point, Mumbai as registered office. Monthly license fee is Rs 15,000 plus taxes for an 11-month term starting July 2, 2026. Classified as a related party transaction executed at arm's length based on prevailing market rates for similar office space in the area.
Likely market impact
Routine related party office lease at arm's length terms; minimal financial impact. Shareholders should note the related party nature of the deal.